Guernsey reaps rewards for SII non-equivalence
Guernsey’s decision not to be a part of EU’s Solvency II has strengthened the country’s captive insurance sector – making it the largest in Europe today, according to a report by Timetric.
In January 2011 the Guernsey government and the GFSC issued a joint statement that they would not be applying for Solvency II equivalency.
This provided a new form of clarity regarding the regulation
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